Buying In South Burlington, VT
Sell Your Commercial Property In South Burlington, VT
Own a commercial apartment building of five or more units in South Burlington? We purchase multifamily properties around City Center, Dorset Street, and the rest of Chittenden County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
South Burlington Submarkets: City Center · Dorset Street · Williston · Shelburne — Chittenden County, VT
Why South Burlington
Why We Buy Multifamily In South Burlington
South Burlington is a city of 20,756 people in Chittenden County, Vermont, per the Census ACS 2020-2024. Renters occupy 38.4% of its homes, above Vermont's 26.8%. Median gross rent is $1,787 a month, $553 above the state median. Median household income is $106,667, against $81,203 statewide. Buildings of five or more units hold 32.3% of South Burlington's housing.
Demand comes from next door and from inside city limits. The University of Vermont Medical Center in Burlington reports 8,060 employees. Burlington International Airport, which sits in South Burlington, recorded 709,881 enplanements in calendar 2025, per FAA data. The University of Vermont reported 11,595 undergraduates to legislators in February 2026.
This profile gives owners who want to sell commercial property in South Burlington, VT the rent, stock, tax and tenancy figures buyers check first. Each number links to its Census, HUD, FAA, Vermont statute or City of South Burlington source. Figures cover South Burlington city alone; Williston and Shelburne are separate towns.
UVM Medical Center and UVM
Vermont's 2024 hospital report lists the University of Vermont Medical Center, 111 Colchester Avenue in Burlington, at 499 beds and 8,060 employees. UVM reported 11,595 undergraduates to legislators in February 2026.Burlington International Airport
Senate testimony from 2022 describes the airport as located entirely in South Burlington. FAA final data show 709,881 enplanements in calendar 2025, up 5.85% from 670,636 in 2024.Newer apartment supply
In ACS 2020-2024, 22.2% of South Burlington's 9,673 housing units were built in 2010 or later, against 12.6% in Chittenden County and 7.5% statewide.Our Buy Box
What We Buy In South Burlington
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
South Burlington Apartment Market
Figures gathered October 2026 from public market data.
Who rents in South Burlington
Renters occupy 38.4% of occupied homes in South Burlington, per the Census ACS 2020-2024 tenure table. That is 3,636 renter households out of 9,466. Chittenden County's renter share is 36.1%, and Vermont's is 26.8%.
South Burlington holds 14.1% of the 25,777 renter households in Chittenden County. Median household income in South Burlington was $106,667 in ACS 2020-2024 (table B19013). Vermont's statewide median was $81,203.
Health care and the university next door anchor demand. The Vermont Department of Health 2024 hospital report lists the University of Vermont Medical Center in Burlington at 499 beds and 8,060 employees. The University of Vermont reported 11,595 undergraduates in February 2026 testimony to the Vermont House Education Committee.
Burlington International Airport sits entirely in South Burlington, per 2022 Senate committee testimony. The FAA counted 709,881 enplanements there in calendar 2025, up 5.85% from 2024 (FAA final enplanement data).
Rents and affordability in South Burlington
Median gross rent in South Burlington was $1,787 a month in ACS 2020-2024 (table B25064). Chittenden County's median was $1,646, and Vermont's was $1,234. HUD's FY2027 two-bedroom fair market rent for the Burlington-South Burlington, VT MSA is $2,165 (HUD Fair Market Rents).
| Unit size | HUD FY2027 FMR, Burlington-South Burlington, VT MSA |
|---|---|
| Efficiency | $1,550 |
| One-bedroom | $1,719 |
| Two-bedroom | $2,165 |
| Three-bedroom | $2,733 |
| Four-bedroom | $2,845 |
These FY2027 rents took effect October 1, 2026. The two-bedroom figure sits $378 above South Burlington's ACS median gross rent.
In ACS 2020-2024, 41.4% of South Burlington renter households paid 30% or more of income on rent (table B25070). A smaller group, 22.0%, paid 50% or more.
The ACS 2020-2024 housing profile puts South Burlington's rental vacancy at 0.0% (table DP04). Its margin of error is 0.7 points, and Chittenden County's rate is 1.3%.
South Burlington's apartment stock
Buildings with five or more units hold 32.3% of South Burlington's 9,673 housing units, per ACS 2020-2024 (units in structure, B25024). That equals 3,126 units, and 1,285 sit in buildings of 50 or more. Chittenden County's five-plus share is 21.4%.
Another 1,094 units sit in buildings of 20 to 49 units. Two-to-four-unit buildings add 934 units, or 9.7% of the stock.
South Burlington's stock is younger than most of Vermont. In ACS 2020-2024, 22.2% of units were built in 2010 or later (year built, B25034). Vermont's share is 7.5%. Only 31.4% of South Burlington units predate 1980.
Newer buildings shift buyer diligence toward leases, utility billing and warranty records. Anyone selling commercial property in South Burlington should assemble those files before the first tour.
Property taxes in Chittenden County: South Burlington rates
South Burlington's FY2027 total non-homestead tax rate is $2.1838 per $100 of assessed value, per the city's tax rates page. It combines a $0.5551 municipal rate with a $1.6287 non-homestead education rate. The FY2026 total was $2.1944.
Vermont's Department of Taxes lists South Burlington's FY2027 common level of appraisal at 70.95% (FY2027 education tax rates).
- An apartment building listed at $2,000,000 owes $43,676 a year at the FY2027 non-homestead rate.
- The education portion of that bill is $32,574, and the municipal portion is $11,102.
- If the listed value equals 70.95% of a $2,000,000 price, or $1,419,000, the bill is $30,988.
South Burlington bills in three installments; FY2027 dates are August 18, 2026, November 16, 2026 and March 15, 2027 (Finance Department). Before you sell commercial property in South Burlington, VT, pull the parcel's grand list record and payment history.
Vermont's property transfer tax is 1.25% of value for property that is not the buyer's principal residence, under 32 V.S.A. § 9602. On a $2,000,000 sale that is $25,000.
Value appeals go to the Assessor's Office in writing, backed by recent comparable sales, per South Burlington's appeals page. A board of civil authority appeal follows within 14 days of the listers' decision, under 32 V.S.A. § 4404.
Landlord rules in South Burlington
The South Burlington City Council adopted a Residential Rental Registry Ordinance on February 20, 2024, per the city's permits and registrations page. Owners must file a registry form for each rental unit, and the registry aims at regular inspections.
A Vermont landlord has 14 days from move-out to return a security deposit with an itemized statement, under 9 V.S.A. § 4461. Willful failure costs double the amount withheld. At a sale, deposits transfer to the new landlord.
A nonpayment termination notice must give at least 14 days, under 9 V.S.A. § 4467. Rent increases need 60 days' actual notice under 9 V.S.A. § 4455.
Owners preparing to sell commercial real estate in South Burlington, VT should confirm each unit appears on the rental registry. Buyers also compare the deposit ledger with the rent roll.
What it means for a South Burlington apartment owner
South Burlington pairs a $1,787 median rent and near-zero measured vacancy with a newer stock than most of Vermont. Buyers will weigh that against a $2.1838 non-homestead rate.
Test your pricing with our cap rate calculator using actual rents and the FY2027 bill. If you want to sell your apartment building in South Burlington without a public listing, Skyline Capital Investments buys 5+ unit apartment buildings directly. Read how our direct purchase process works.
To sell commercial property in South Burlington, VT on a set timeline, start with the rent roll, the registry filings and the parcel's listed value. Those documents answer most early buyer questions.
Before You Sell
South Burlington Seller Checklist
More about selling in Vermont →Investing in South Burlington? See apartment syndications in South Burlington →
- Williston and Shelburne are separate towns with their own tax rates, so the South Burlington rates on this page apply only to parcels inside city limits.
- South Burlington's FY2027 non-homestead total of $2.1838 per $100 is slightly lower than the FY2026 total of $2.1944.
- Owners who plan to sell commercial real estate in South Burlington, VT should confirm rental registry filings, since the 2024 ordinance requires a form for each unit.
- Census figures here cover South Burlington city only; Chittenden County and Vermont figures are labeled separately wherever they appear.
Seller Guides
Selling In South Burlington? Common Situations We Handle
Learn More
Taxes & Rules For South Burlington Property
The Vermont rules that shape any deal in South Burlington: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
South Burlington Seller FAQ
What should I know before I sell commercial property in South Burlington, VT?
Start with three numbers. South Burlington's FY2027 non-homestead tax rate is $2.1838 per $100 of assessed value. Vermont's property transfer tax is 1.25% of value for property that is not the buyer's principal residence. Rental vacancy in South Burlington was 0.0% in ACS 2020-2024, with a margin of error of 0.7 points. Pull your listed value, rent roll and registry filings before pricing.
What transfer tax applies when I sell commercial real estate in South Burlington, VT?
Vermont's property transfer tax under 32 V.S.A. 9602 is 1.25% of the value transferred for property that is not the buyer's principal residence. An apartment building selling for $2,000,000 would owe $25,000. The statute also taxes the transfer or acquisition of a controlling interest in an entity that holds Vermont property, so selling LLC interests does not avoid it.
How much property tax does a South Burlington apartment building pay?
For fiscal year 2027, South Burlington's non-homestead rate is $2.1838 per $100 of assessed value. That combines the $0.5551 municipal rate and the $1.6287 non-homestead education rate. A building listed at $2,000,000 owes $43,676. Vermont set South Burlington's FY2027 common level of appraisal at 70.95%. The FY2026 total rate was $2.1944, so the FY2027 bill is slightly lower.
Does South Burlington require landlords to register rental units?
Yes. The South Burlington City Council adopted a Residential Rental Registry Ordinance on February 20, 2024. Owners must complete the rental registry form for each rental unit, and the city says the registry aims to ensure regular inspections of rental units. If you plan to sell multifamily property in South Burlington, a complete registry record helps a buyer move through due diligence faster.
How quickly must a Vermont landlord return a security deposit?
Vermont law, 9 V.S.A. 4461, gives a landlord 14 days from move-out to return the deposit with a written, itemized statement of deductions. Missing the deadline forfeits the right to withhold any of it. Willful failure brings liability for double the amount wrongfully withheld plus attorney's fees. When a building sells, the statute requires deposits to transfer to the new landlord.
Do South Burlington rents support a strong sale price?
South Burlington's median gross rent was $1,787 in ACS 2020-2024, above Chittenden County's $1,646 and Vermont's $1,234. HUD's FY2027 two-bedroom fair market rent for the Burlington-South Burlington MSA is $2,165. With 22.2% of units built since 2010 and very low measured vacancy, buyers will compare in-place rents with those benchmarks before you sell your apartment building in South Burlington.
Do I need to fix up my South Burlington building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
How does a sale to you work in Chittenden County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Who buys occupied rental property in South Burlington?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
Do I need a broker to sell my apartment building in South Burlington?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Have A Property In South Burlington?
A few details are enough to start. We respond to every South Burlington submission, including off-market and pocket listings.
